FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

12/12/17 Closing Prices:

Bitcoin: $17,094.44 (+$571.03) Gold: $1,244 (+$1) Dow Jones Industrials: 24,504.80 (+118.77) S&P 500: 2,664.11 (+4.12) Nasdaq Composite: 6,862.32 (-12.76)

Trading Summary Notes for Tuesday, 12/12/2017

• BITCOIN heads back up. Looks likely to break above $20K
• BOUGHT BITCOIN AT $16,530.....new trade
• Futures on bitcoin not a big impact yet. Careful getting short
• CME bitcoin futures begin next week. Looks to be a better product
• GOLD suffering from lack of interest. Thanks bitcoin
• Gold investors (current and potential) switching to BTC
• Test of $1,200? At least $1,205-$1,210
• LONG TERM BULLISH ON BITCOIN AND GOLD

CURRENT TRADING POSITION: LONG BITCOIN & GOLD

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index Read our PRIOR daily commentaries on Bitcoin vs Gold here